New Mexico Fiber Arts Center

Analysis

New Mexico Fiber Arts Center is a registered charity in United States, based in Espanola, NM. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Mexico Fiber Arts Center reported income of $126k and spending of $154k, spending 121% of what it took in. Over the whole period it spent 213% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Mexico Fiber Arts Center sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 39th percentile within NM. Charities of a similar size with the same main cause include Fresno Community Chorus Inc ($126k), Washington State Ski & Snowboard Museum ($126k) and Community Design Center Rochester Inc ($126k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 75% of the total. At year end it held assets of $358k against liabilities of $336, net assets of $357k.